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Blockchain Tracker: Blockchain’s Possible Impact On The Economy

PYMNTS

Blockchain could have an impact on the economy — is Russia leading the way with its current investments? When executives in the finance industry think of blockchain technology, its perception has shifted in the past few years in terms of how it could shape financial services — and therefore the economy — as a residual impact.

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The Corporates Betting On Blockchain To Reshape Capital Markets Infrastructure

CB Insights

Distributed ledger technology (DLT) — which uses tech like blockchain to verify transactions without the need for a centralized authority — is gaining traction as a way to revamp capital markets infrastructure by making it more streamlined, improving transparency, and reducing associated fees. But financial incumbents are also making waves.

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Wells Fargo And Mastercard On Blockchain: Oversold?

PYMNTS

Blockchain has long been in the process of being divorced – operationally as well as conceptually – from its crypto connection. The hope has been that as blockchain moves beyond bitcoin , the decentralized way of moving data, assets and communications would find a wide berth in business. billion compared to $1.5 billion in 2017.

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Open Banking Targets SMB Apps, Payments Data

PYMNTS

Open Banking frameworks continue to proliferate throughout the world. The Australian Competition and Consumer Commission (ACCC) has now formally released the Consumer Data Right (CDR) rules that will set the stage for Open Banking in the country, which will take effect on July 1 of this year. Commonwealth Bank Unifies SMB Apps.

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ASB Bank Participates In TradeWindow’s $1.7M Seed Round

PYMNTS

With a repeat investment in TradeWindow, Commonwealth Bank of Australia-owned ASB Bank participated in a NZ$2.67 million) seed funding round for the blockchain company. TradeWindow seeks to commercially rollout its trade finance platform, which is based on the blockchain, with its new capital. million ($1.76

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37 Corporate Innovation Labs In Finance

CB Insights

With recent advances in blockchain, cryptocurrency, contactless payments, and more, finance is primed for disruption. DBS Bank — DBS Asia X (DAX). DBS leaders expect to see more than 5,000 people actively innovating DBS’ services and operations at DAX each year. Get the entire 43-page PDF. Founded: 2016.